Singapore Budget 2017: Mildly Expansionary with Eye on the Future

Singapore Budget 2017 (Part 2): Looking Forward, Are Tax Increases Really Needed?

Singapore Budget 2018 (Part 1): Some Positives, Some Missed Opportunities and a Portent of Elections

Singapore: The Gloom Is Clearing, but Slowly

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

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Economic Policy and Strategic Advisors

Macroeconomics

<ul><li>Singapore’s economy grew robustly in 4Q16, powered by a strong export rebound but construction contracted and services eked out a tiny expansion. January trade was strong.</li><li>As the output gap remains negative and non-tradeable inflation tepid, inflationary pressures are unlikely. The MAS will no longer ease monetary policy.</li><li>The burden now shifts to fiscal policy to provide support to a number of beleaguered sectors. Budget 2017 should sketch out the finer points of the CFE recommendations.</li></ul>

Singapore’s economy grew robustly in 4Q16, powered by a strong export rebound but construction contracted and services eked out a tiny expansion. January trade was strong.As the output gap remains negative and non-tradeable inflation tepid, inflationary pressures are unlikely. The MAS will no longer ease monetary policy.The burden now shifts to fiscal policy to provide support to a number of beleaguered sectors. Budget 2017 should sketch out the finer points of the CFE recommendations.

Singapore: Policy Burden Shifts from Monetary to Fiscal